Thursday, August 27, 2009

Simply put, politicians should be held liable for their actions. No excuses. For the housing debacle they need to held responsible for their poor judgement and misguided policies. They cost our economy enormously. For their poor judgement regarding economic stimulus that do not work. They cost our economy enormously. For their pronounced, socialistic health care plan that they are trying to ram down our throats. They will cost our economy and take away our personal freedoms. America last that I understood was not a socialistic country, nor were we serfs in a serfdom. We are a free capitalistic system in a democracy ruled by elected officials who are supposedly representing their constituents. What we have is a government in a self created turmoil whose only concern is the elected officials personal and economic self interest. Yes, the time has come to hold politicians liable for their actions. They will not be able to hide in 2010.

Monday, August 24, 2009

It is obvious Connecticut needs a new government. Hartford and its leadership is failing miserably in their attempt to govern our state. Taxpayers and businesses are held in total disregard by the Democratic super majority. The Democratic solution to every problem in Hartford is to raise taxes whether or not it further erodes the states economy. Whether or not it forces more people to move out of state or sends businesses out of state. Whether or not it takes into account the massive amount of unfunded pension liabilities it needs to deal with for the future.It becomes more obvious each day passing of no new budget that the Democratic super majority and in particular Mr. Donovan's public relations gimmicks are ill equipped to govern our state. Their only concern is their self preservation of their political power. Political influence is long gone with the Democratic super majority as more people will move out of state and more businesses abandon a hostile state to try to do business in. I know I have had enough and many others have also. 2010 will be the end of the Democratic super majority in Hartford. They are unfit to govern.

Friday, August 21, 2009

And on it goes, the socialized health care debacle. Taxes and cost savings do not logically follow in economics. Nor do they follow in any way in the socialized health care debacle. How will the government pay for this new socialized health care plan? The only way possible is through higher taxes. Higher payroll taxes, higher personal income taxes (although Congress will exempt themselves from it) and the rationing of care due to its cost (yes some will live and other will die due to the economic structure of the plan in its current form). Thus with our economy already in a massive recession, we are going to raise taxes yet again and create even more economic stagnation along with a poor and sickly health care system. The burden that this socialized health care system will place on our economy, gross domestic product and the national debt will be felt for generations to come. All of this because a small minority in our economy do not have health insurance, all of this because liberals wish to insure illegal immigrants in our country and all of this because instead of worrying about realistic new job formation in our economy through the private sector, this administration needs to show the American public their disregard for basic economics. As I have stated before this socialized health care plan will help to make America more sick. And also will raise your taxes and help to create more unemployment. What a waste...

Tuesday, August 18, 2009

And the current House bills are poor at best and will only make America more sick. Two points which I feel are needed in this debate should be looked at in economic terms. As taxpayers continue to view the excessive amount of federal spending for many "stimulus" program they see the same waste of their monies for a socialized health care plan. The first area that seems to be lost in this debate is to expand high deductible health insurance so that people who wish to purchase this plan are able to do so. This would provide a safety net for those who just wish to have a basic plan. In conjunction with this there needs to be an expansion not contraction to health savings accounts (HSA). These health savings accounts may provide great incentives for those who wish to manage their health care and will actually lower health care costs for the future due to incentives to stay healthy (although this is misleading as government thrives on collecting sin taxes of all sorts such as tobacco and alcohol). The second area that needs expansion is the dropping of all boundaries for health insurance companies to sell their plans throughout our country. Health insurance needs to portable. What has been created by governmental bureaucrats is a mess of tangled laws and webs which ultimately hurt the health insurance consumer not help them. These laws need to be repealed immediately. The more competition in health insurance the lower premiums become.Mr. Obama got it right when he stated that companies like Fed Ex and UPS do a better job than the post office. And he would get it right if he left his socialized health care plan off the table. There are numerous private market solutions to this administrations manufactured crisis which will not bankrupt our country.

Saturday, August 15, 2009

What is that? Economic stimulation in Connecticut. I see that Connecticut taxpayers get their bone thrown at them this coming week when they do not have to pay sales tax on clothes purchases. By doing this our Legislature feels they are making up for the remaining 51 weeks in the year that they are grossly overtaxing both businesses and individual taxpayers in our state. Economic stimulation could occur in our economy if our Democratic super majority actually cut state spending and cut taxes. By cutting taxes more monies are allowed to flow through our economy and the ultimate net result is greater tax revenues. Higher taxes create economic stagnation and result in lower tax revenues in the state. However this falls on the deaf ears of the Democratic super majority as their only concern is to satisfy their own self interest and inflated egos. In my economic opinion it will be many years before Connecticut recovers from this economic recession we have. We need to start new in Connecticut. New state budgets with low spending along with a slashing of taxes. Then and only then would our state start to move forward and be once again a vibrant economically growing economy. Economic stimulation will never occur with the economically illiterate politicians that we have who are in charge and ruining Connecticut.

Thursday, August 13, 2009

Again economic confusion reigns for our current administration. There has been over $13 trillion dollars worth of wealth lost in our economy since 2008. Now with that amount of wealth lost, our current administration wishes to tax those remaining working and those who are apparently incredibly wealthy earning $350,000 a year or more to help finance a miserably conceived health care plan. Yes your taxes are going to increase dramatically for this socialized health care plan. Here is just one section raising taxes found on pages 197-198 (There are many others)SEC. 59C. SURCHARGE ON HIGH INCOME INDIVIDUALS.(a) GENERAL RULE.—In the case of a taxpayer other than a corporation, there is hereby imposed (in addition to any other tax imposed by this subtitle) a tax equal to—(1) 1 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $350,000 but does not exceed $500,000,(2) 1.5 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $500,000 but does not exceed $1,000,000, and(3) 5.4 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $1,000,000.And this does include all of the new payroll taxes, surtaxes and penalty taxes to help pay for this sickening plan.And at the same time please remember that Congress has exempted themselves from this plan. Thus those who create economic growth in our economy will be penalized for it. They will be forced to pay an even higher amount of taxes to the point that this group of taxpayers will be bearing almost the entire burden of taxation with relationship to lower income groups. And this administration seeks also to place caps on pay scales which will only further burden those who are prosperous and risk taking in our economy. Economically, the damage from this socialized health care plan will be felt through economic stagnation, excessively high taxes and another grave loss of jobs. As I have stated before this socialized health care plan will make America sick.

Wednesday, August 12, 2009

Again why is it unpatriotic to disagree about socialized health care? Since when did we lose our freedom of speech in our country? Why can't we disagree about a 1000+page socialized medicine bill that Congress and Administration are ignorant about nor have not even read? Why must we pay for socialized medicine for those who are here in our country illegally? How are we going to pay for this far reaching and freedom grabbing socialized health care plan besides raising taxes and the national debt? What right does the Federal government have to decide who can live and who can die? What right does the Federal government have to tell parents how to raise their children? What right does the Federal government have to nationalize our insurance companies?I can only see harm to our health and harm to our economy financially from this socialized health care plan which was thrown together by Congress. It is a bad plan which will ultimately lead to bad results in our economy. America is against socialized health care and will prevail in this fight. This plan makes America sick.

Tuesday, August 11, 2009

It is my budget and I will do what I want with it. Why would anyone think of cutting state spending and actually reduce the budget deficit without raising taxes? After all in your personal budgets if you do have money for something you must either save it or do without. The state Democrats can never do without. There is no need for that as they are above any budget, above any new or greater tax and most importantly above any type of fiscal restraint. Thus our new budget if and when it ever passes will be more of the same; excessively high spending along with excessively high taxes. The final result will again be Connecticut will be one of the last states to get out of the recession, again have an exodus of people and businesses leave the state and have a welfare mentality, Democratic socialist state remaining.I hope Mr. Donovan and the rest of his leadership are proud of their spoils, their high taxes, their negative business environment and their wasted state they created.

Sunday, August 09, 2009

I am lost, where are the new jobs in our economy coming from? I am supposed to believe that the recession is ending since only 275,000 lost their jobs last month not 500,000. Therefore, where are all of the new jobs coming from in our economy? Or more realistically, how many unemployed people are now not collecting unemployment since their new extended benefits have run out? In my estimate there is an unemployment rate of closer to 16% rather than the approximate 9.4% that is being offered by the government.And how do we create new jobs in our economy to get these people back to work. It is simple, lower taxes on all private businesses, eliminate the tax on dividends, capital gains and interest and place caps on workers compensation costs and benefits. Government through its recent give away stimulus program has done nothing to create new jobs in our economy. The recession is continuing and for those who are unemployed it will be a long, long road to get a job again due to the anti business administrations that are in Washington and Hartford today. The recession continues on and on. Do not be fooled.

Wednesday, August 05, 2009

I am. I am satisfied with the ability to choose through my employers what type of health care plan that I want. I am satisfied that with what I pay for the plan and the different coverages that I receive. I am also healthy. I prefer taking care of myself and am not dependent upon drugs for my well being. I believe in a healthy life style which will help me maintain my good health. You see I can do all of this without the Federal Government rationing my health care coverage. I can take responsibility for my actions and stay healthy without a governmental, inefficient, bureaucrat dictating to me what coverage I can or can not have. Or whether I should be kept alive or be forced to die according to their plans. Health care is not broken in our society much to the dismay of liberals. These same liberals who exempt themselves from the health care plan they are trying to ram down our throats. The majority of Americans and taxpayers do not want socialized health care. The lies we are being fed are ridiculous. Again say no to nationalized health care. A bad plan at a bad time in our economy.

Sunday, August 02, 2009

Here is the overall issue, one is not working and no or little income coming into the home budget. Here in Connecticut the maximum unemployment rate one can receive is $519 a week. Many individuals get that much and as such many employers here in the state, have seen their unemployment tax skyrocket. Thus if you divide 40 hours into $519., you are getting almost $13 an hour for not working for 75 weeks. What incentives does one have to take a job at a lower rate than that? Thus many will take the unemployment for 75 weeks and not worry about it. Why would you take a job for $9 a hour when you can get $13 for not doing anything? How can Connecticut businesses continue to pay a high unemployment tax along with now new corporate tax surcharges and still remain competitive in our economy?Here in Connecticut the private sector should be referred to as the political sector. We have a bunch of politicians whose only concern is to get reelected with out any type of economic consequence for their miserable and misguided taxes and excessive spending of taxpayers monies. Here is just another example of their economic illiteracy.

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About Me

I have been an educator for 35 years teaching over twenty courses in business and economics on a part time basis for several different colleges and universities here in Connecticut. I have a Bachelors of Science in Journalism and a Masters of Science in Economics. I also enjoy writing about and collecting football memorabilia. I am a member of the Professional Football Researchers Association and a shareholder of the Green Bay Packers. I also publish Gridiron Greats Magazine.